Monday, March 24, 2008

Wall Street Test Drives New Fed Loans - Forbes.com

Wall Street Test Drives New Fed Loans - Forbes.com: "The Federal Reserve reported Thursday that it directly leant several unnamed investment companies about $31.3 billion in the three first days since it expanded its discount window borrowings beyond commercial banks on Monday. Goldman Sachs (nyse: GS - news - people ), Lehman Brothers (nyse: LEH - news - people ) and Morgan Stanley (nyse: MS - news - people ) previously confimred they were taking advantage of the Fed's new lending facility."

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